ICTs and Innovation in Organizations

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What is the current trend in the world's economy?

Globalization (correct)

Regionalization

Localization

Nationalization

Why is effective communication important in international business?

To only work with people from your own culture

To prioritize local markets

To navigate international markets (correct)

To avoid cultural barriers

What is an important consideration for companies in the modern workforce?

Age homogeneity

Ethnic diversity

Diversity in the workforce (correct)

Gender equality

What is a characteristic of millennials in the workforce?

Willingness to work in teams Signup and view all the answers

What is a result of the rise of foreign investment and outsourcing?

Further fueling of globalization Signup and view all the answers

What is a preference of the growing millennial and Gen Z workforce?

Ongoing learning Signup and view all the answers

What is the primary reason why the gig economy is gaining popularity among millennials and Gen Zs?

To have the flexibility to work part-time and supplement existing employment. Signup and view all the answers

What are the key factors for companies looking to succeed in the global economy?

Effective communication, diversity in the workforce, and catering to the preferences of the millennial and Gen Z workforce. Signup and view all the answers

What type of teams bring together individuals with diverse expertise to maximize creative potential?

Cross-functional teams Signup and view all the answers

What has facilitated globally distributed teams and virtual project teams?

Innovations in information technology and mobile communications Signup and view all the answers

What skills are vital for successful teamwork?

Communication and interpersonal skills Signup and view all the answers

What kind of technologies have revolutionized communication and business?

Disruptive technologies, such as laptops, smartphones, and cloud computing Signup and view all the answers

What is the key factor in driving growth and innovation in organizations?

Fostering a culture of creativity and collaboration Signup and view all the answers

What is the main benefit of effective communication in business?

Cutting through complexities and making data manageable Signup and view all the answers

What is the current state of Canada's ICTs compared to other industrialized nations?

Canada is lagging behind other industrialized nations Signup and view all the answers

What is essential for attaining productivity and innovation benchmarks?

The ability to work creatively and in teams Signup and view all the answers

What is the most powerful creator of wealth in an organization?

Communication flow Signup and view all the answers

What is necessary for business leaders to facilitate communication?

Finding the synthesis between physical and digital workspaces Signup and view all the answers

What is the main impact of digital connectivity on Canadian workplaces?

Transforming communication, relationships, and marketing Signup and view all the answers

What is the primary purpose of mobile apps in business operations?

Supporting internal processes and enhancing productivity Signup and view all the answers

What is the main challenge posed by the attention economy?

Capturing consumer attention Signup and view all the answers

What is the primary focus of the share economy?

Collaborative consumption and sharing resources Signup and view all the answers

What is the significance of acknowledging territory and Indigenous land?

Promoting respect and recognition of Indigenous Peoples Signup and view all the answers

What is the role of the Canadian Council for Aboriginal Business?

Fostering relationships between Indigenous and non-Indigenous businesses Signup and view all the answers

What is an important way for businesses to show support for Indigenous communities?

By incorporating land acknowledgements into their practices Signup and view all the answers

What is the key to productive virtual meetings and on-site project partnerships, according to LaRose?

Collaborative software tools and trust among team members Signup and view all the answers

What is driving changes in Canadian businesses, in addition to global competition?

The digital revolution and technological transformations Signup and view all the answers

What is innovation, according to the Conference Board of Canada?

The process of extracting economic and social value from knowledge Signup and view all the answers

What is an example of a radical technological breakthrough, according to the text?

The adoption of 3D printing Signup and view all the answers

Why is innovation important, according to the text?

Because it is essential for the success of organizations, communities, and nations Signup and view all the answers